Question

At the time of admission of a new partner general reserve appearing in the old balance sheet is transferred to_______

• A. All Partner's Capital A/C
• B. New Partner's Capital A/C
• C. Old Partner's Capital A/C
• D. Gaining Partner's Capital A/C

Answer 1

Answer: (C)

Old Partner's Capital A/C

Answer 2

The correct option is (C): Old Partner's Capital A/C